Southeast Asia Economics

What is the relationship between adding elements of a market system to a country’s economy and the country’s economic growth?

• When there is total government control

• When countries lift some government control, they experience economic growth

• When countries have no government or citizen control, then they will experience economic growth

Why does specialization make trade between countries easier?

• There will always be a steady supply of goods on the market so trade is not needed.

• Countries can produce what they make best and trade with others for what they need.

• A country’s economy will never go through a difficult time if they specialize in a good.

• The competition between countries will not exist.

If Japan’s government puts a limit on how much Vietnamese rice it will import this year, what trade barrier is this?

• Embargo

• Tariff

• Quota

• Opportunity Cost

Which of the following would explain the growth in Singapore's economy over time?

• They are a democractic government

• They have become an important port for world trade

• Overcrowding in Vietnam led to migration

• Lack of agricultural products throughout Southeast Asia

Match the following country or region to its importance

• Shipping route

• Malaysia

• Food

• Indonesia

• Oil

• Japan

• Rubber and Tin

• Strait of Malacca

Southeast Asia has many waterways & ports which encourages what economic activity?

• Trade

• Retail

• Wholesale

Which rapidly growing industry in the countries of Southeast Asia is best described by these characteristics?

• Subsitence Farming

• Outsourcing

• Information Technology

• Ecotourism

Which country is the most developed nation on mainland Southeast Asia?

• Thailand

• Vietnam

• Singapore

• Malaysia

The total amount of goods and services produced in one country in a year is called

• The Gross National Product

• The Gross Capital Product

• The Gross Domestic Index

• The Gross Domestic Product

Which of these products is the leading crop in EVERY Asian Economy we have studied?

• wheat

• rice

• beans

• beets